The pound has weakened against the euro after yesterday morning’s optimism. David Frost, speaking to Parliament, said that the EU’s position on fisheries would still not ‘lead to an agreement’, and stated again that the UK government will not seek an extension to the transition period.
Today is a busy day for economic releases in the Eurozone, with consumer, business and service sentiment indices expected to show a small trend back towards the positive. Meanwhile, the euro has been given a small boost against the pound by proposals for a €750 billion coronavirus economic rescue scheme.
In the US, the markets are awaiting today’s GDP data, which is expected to enter negative figures. Also on the agenda for today are corporate profits, durable goods orders and speeches from Fed policy makers.
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